MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, August 24, 2012 Stork and Reaper for August 24, 2012 The Stork dropped off three funds before gliding off today. Wasatch Advisors [profile] filed for Wasatch Emerging Markets Select Fund, which invests in companies that are tied to emerging market countries. The fund will be managed by Ajay Krishnan and Roger Edgley. [SEC Filing] Legg Mason [profile] filed an exemptive relief filing to gain permission to add index ETFs to their product line. This paperwork is one of the many that needs to be done in order to clear the path for an ETF launch. The fund which Legg Mason is planning to launch is called the Legg Mason Global Income ETF. [SEC Filing] Emerging Global Advisors [profile] filed for its EGShares India Consumer Goods ETF which seeks results which correspond to the INDXX India Consumer Goods Index. The fund will be managed by Richard Kang. [SEC Filing] Today, the Reaper decided to have some fun. Instead of only liquidating various funds, the Reaper decided to reorganize and fold funds into other funds. Winslow Funds [profile] filed to merge its Winslow Green Growth Fund into the Brown Advisory Winslow Sustainability Fund. As of August 22, 2012, the Winslow Green Growth Fund had $162.2 million in AUM, a one-star rating and a projected negative outlook, according to its profile on Morningstar. The Brown Advisory Winslow Sustainability Fund invests in medium and large-cap companies. The Winslow Fund's co-PMs, David Powell and Karina Funk will manage the Brown Advisory Winslow Sustainability Fund after the reorganization. [SEC Filing] Fidelity [profile] filed to fold the Fidelity Advisor Growth Strategies Fund into the Fidelity Advisor Stock Selector Mid Cap Fund. The Fidelity Advisor Growth Strategies Fund has $31.1 million in AUM and a two-star rating on Morningstar, as of August 22, 2012. [SEC Filing] Undiscovered Managers Funds filed to liquidate its Undiscovered Managers Behavioral Growth Fund. The fund will be liquidated on October 31, 2012. As of August 23, 2012, the fund has 56.7 million in AUM and a two star rating, according to its profile on Morningstar. [SEC Filing] Other funds are being reorganized. First Investors Management [profile] filed to change the name of the First Investors Life Series High Yield Fund to the First Investors Life Series Special Situations Fund. The rename will take place on on December 17, 2012. [SEC Filing] Printed from: MFWire.com/story.asp?s=41031 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |